Summary
- Investment advisors have reportedly ranked first in spot Bitcoin ETF holdings.
- Investment advisors are said to hold 20% of the total ETF shares.
- If Bitcoin adoption increases, the share held could increase to 35%–40%.
It has been revealed that an investment advisor has ranked first in holdings of spot Bitcoin (BTC) Exchange Traded Funds (ETFs).
On the 4th (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X (formerly Twitter), "According to the 13F report, investment advisors have ranked first among holders of spot Bitcoin ETFs," adding, "They hold about 20% of the total ETF shares." He continued, "If Bitcoin adoption increases further, this share could rise to as much as 35%–40%."
As of 10:40 PM, according to the Binance USDT market, Bitcoin is trading at $105,236, up 0.03% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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